INVESTMENT ANALYSIS OF NUCLEAR POWER PLANTS PROJECTS IN INDONESIA CASE : PT. INDONESIA POWER - BATAN & THOR POWER – PT. PAL

• Main Author: Utari, Ratty
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/46851
• Institution: Institut Teknologi Bandung

Indonesia's electricity demand continues to increase. The amount of coal, gas and petroleum is decreasing. The government targeting the electricity resources shift from fossil energy to new and renewed energy. PLN has been experiencing a crisis for a long time. Electricity tariffs for more than five years not increase. But, cost of Production or BPP is increasing. This is because of the rising of coal or fossil energy prices and rising production costs that are not accompanied by rising electricity tariffs. The price of new renewable energy is expensive. This even adds to the burden on PLN. Improving the price of electricity from generators must be economical. Electricity repair prices. There are two nuclear projects in Indonesia. First, PT. Indonesia Power and BATAN namely the MoU on the feasibility of Nuclear Power Plants and Nuclear Batteries. Second Thorium Power Plant Project by Thor Power and PT. PAL. The problem in this research is that the BPP rises and the electricity price of Nuclear Power Plant considered to economical. The formulation of the problem in this study is the electricity tariff for PLTN and PLTT? Is it financially feasible? Can the project be implemented in Indonesia? The method used in this research is quantitative and qualitative. The data obtained in this study are primary data and secondary data. Primary data were obtained from interviews. While secondary data from several existing reports. Analysis of the data in this study uses the LCOE formula to find out the price of electricity from the second project. Quantitative data analysis also uses NPV, IRR, and payback periods to see the feasibility of the investment terms. PESTEL used qualitative data to analyze the project's external environment and integration in the project's implementation. The results of this study found that the LCOE for PWR is 7.05 cent / kWh and 3.55 cent / kWh for MSR. The NPV value for PWR technology is USD 2337.49 million and The NPV value for PWR technology is USD 540.92 million. The IRR for PWR technology, the IRR Equity is 10.75% and IRR Project is 7.98%. The IRR for MSR technology, the IRR Equity is 13.07% and IRR Project is 9.13%. The Payback Period for PWR technology 7 years 8 monts and for The Payback Period for MSR technology 6 years 9 monts The results of the PESTEL analysis show that the constraints of this project are legal. Political pressure requires that the construction of nuclear power plants must be under 5 years. There is no clear decision from the government. The number of licensing regulations, conditions, and long periods of time become obstacles in this project. This project is still feasible because considering the PLTN has been part of the National RPJPN in 2005 to 2025.